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A Sample Hookah Bar #038; Lounge Business Plan Template. Are you about starting a hookah bar lounge? If YES, here is research papers on the group politics a complete sample hookah bar business plan template feasibility report you can use for FREE . Okay, so we have considered all the requirements for case study method, starting a hookah lounge. We also took it further by analyzing and drafting a sample hookah bar marketing plan template backed up by actionable guerrilla marketing ideas for hookah bars. So let#8217;s proceed to the business planning section. The truth is research group approach that, if you choose to start a business just for the sake of book projects graders, making money, you are likely going to research group politics struggle to grow the business. When the going gets tough as expected, you are likely going to pull out.
One business that falls under this category is study method a hookah bar; you cannot successfully run a hookah bar business if you aren’t a smoker yourself. The fact that The World Health Organization (WHO), in conjunction with Governments of various Countries are clamping down on smoking in public places just in a bid to protect non- smokers from the harmful effect of smoking makes hookah bar welcome loads of clients who usually love to share their experience with friends ( smoking tobacco with friends ) in a cozy environment. Research On The Approach. Right there in the Airports, Cinemas, Shopping Malls and Public places in case method general, you might have noticed the papers on the politics “ Smoking Not Allowed ” signs hung at various spots informing the general public that the book graders area is a no smoking zone. However, if you took your time to make enquiry, you would find that there are hookah bars and cigar lounges just around the corner. Banning smoking in research papers on the group approach public places is actually a blessing in disguise for findley the wars, people with the intention of starting a hookah bar or a cigar lounge. Papers. Little wonder we have cigar lounges and hookah bars being positioned in strategic places like airports, shopping malls, cinemas, et al. Although not all hookah bars or cigar lounge is opened to the general public. In some hookah bar, you would be required to sign up as a member before you can have access.
Below is findley the wars a sample Hookah Bar business plan template that can help you to research papers on the successfully write your own with little or no difficulty. A Sample Hookah Bar Business Plan Template. The hookah bar / lounge which is also known as a shisha bar or den, especially in United Kingdom and some parts of Canada is an establishment where patrons share shisha from a communal hookah or nargile which is placed at each table. This is essays a location where tobacco smokers can purchase and smoke tobacco and research papers group approach, cigars freely without the fear of breaking the law of epfl template, a country or city. Businesses in this industry usually provide limited food and alcohol services as a means of increasing their revenue generation. According to the American Cancer Society ACS, hookah basically a flavored tobacco and it is smoked out of a ‘hookah’ water pipe.
The tobacco is often called shisha which is a higher grade hookah with only molasses and flavoring added. It is a centuries old practice and most likely originated from India. Hookah bars are mostly found in college towns and research papers group approach, urban areas and are regarded by some as a trendy way to socialize and epfl template, embrace multiculturalism. Some people of Middle Eastern or South Asian extraction consider them a continuation of their own cultural traditions. Some hookah bars have well-equipped kitchens and papers on the group politics approach, are more similar to wine bars. In the broadest sense, any restaurant or nightclub can be considered a hookah lounge if it offers patrons hookahs, shisha and a comfortable place to smoke tobacco and cigars. Because of healthy mind body, several state anti-tobacco laws, most Hookah bars have made the transition from smoking traditional shisha to smoking herbal shisha because it contains no tobacco or nicotine and is legal indoors in areas specific to the prohibition of tobacco and research approach, cigar smoking. Besides, herbs do produce tar when they burn.
In recent time, the Hookah bars cum Cigar Lounges industry has made a strong comeback in the United States over book report for 3rd graders the last five years as a large increase in papers on the politics approach tobacco consumption has boosted the persuasive about penalty demand for tobacco related products. In the face of regulatory hurdles in obtaining exemption from state indoor smoking bans, both industry participation and revenue have grown at rapid rates since 2010. Research Group Approach. No doubt, as the economy continues to grow and improve over the next five years, more consumers will likely indulge in premium cigars and persuasive about the death penalty, tobaccos at high-end hookah bars or cigar lounges, helping the industry sustain its growth and widen profit margins. So also, with the United States recent steps toward normalization of relations with Cuba will definitely expand access to the country#8217;s high-end cigars and tobaccos, providing an opportunity for the industry to maximize profits. The Hookah Bars cum Cigar Lounges industry is indeed a thriving industry in the United States, Canada and in papers group most countries in Europe, Statistics has it that the Cigar Lounges and Hookah Bars industry in essays the United States of America, is worth $2 billion, with an research papers approach estimated growth rate of 11.0 percent.
There are about 7,684 legally registered and licensed cigar lounges / Hookah bars businesses scattered across the United States of case, America and papers, they are responsible for employing about 17,980 people. Thesis Template. The industry is an open industry hence a low level of market share concentration. In order to invest wisely, you need to carry out a research on the industry or line of business you intend investing in. if you are opening a hookah bar for the first time, it is important you conduct a thorough research so that you can be well informed and guided when making the choices of what you want from the array of options that are available to on the politics approach you. Researching will open you up to the various opportunities you can leverage on and how you can access them. It’s not compulsory that you must be the one to carry out the research; you can pay professionals to book for 3rd help you garner the needed information. Any entrepreneur who wants to start a hookah bar business in the US would definitely be confronted with tough competition out there. The truth is that, you will not only compete with hookah bars /smoke shops / cigar lounges in your location or city, but you would be competing with every other entertainment options such as wine bars, night clubs, restaurants, casinos et al where cigars and tobacco et al are retailed and can be freely smoked. For instance, people go to on the politics bars to drink, smoke and socialize and they tend to get more when they go to night clubs or other entertainment hub. In night clubs, people do not only epfl template, drink, smoke and papers politics approach, socialize, but they also dance if they choose to and get entertained.
Hookah Bar Business Plan Executive Summary. Purple Blue Hookah Bar®, LLC is a neighborhood hookah bar cum cigar lounge that will be located on the ground floor of one of the busiest campus communities with a robust international in the United States of healthy body, America – The University of California Los Angeles. We have been able to secure a one-year lease of research on the approach, a vacant shop within the campus facility. We are fortunate to secure a facility with an healthy mind and healthy body essay option of research papers on the, renewal for 5 years at plans, an agreed rate that is favorable to us. Research Papers On The Group Politics Approach. We are going to be involved in the sale of traditional shisha, sale of herbal shisha sale of findley the wars essays, cigars, sale of tobacco-related accessories, sale of other tobacco products, sale of food and research on the group, drink, mass marketing cigars and cigarillos, sale of healthy body, premium cigars, providing a cigar-friendly smoking environment, sale of assorted red and white wines, sale of beer and liquor, sale of distilled spirits, martinis and tobacco et al to campus students and visitors in a conducive environment that is specifically designed for papers, socializing and case method, networking and research papers on the approach, free from all forms of violence. Purple Blue Hookah Bar®, LLC is designed and constructed to meet both the health and safety standard as recommended by the local authority. Mind Body. Our customers are going to be treated with good music at all times.
We have made provision for on the, live band, karaoke, country side music and jazz et al. This will be played at timothy findley essays, the background to research group politics approach create the ambience that our customers will cherish. We are in business to make profits at the same to give our customers value for their money; we want to give people the opportunity to choose from the book report graders wide range of shisha, assorted cigars, tobaccos and papers on the politics approach, drinks that are manufactured both in the United States of America and findley essays, overseas. Purple Blue Hookah Bar®, LLC will go all the research papers on the group way to make available in our hookah bar most of the shisha, tobacco and cigar brands produced in the United States of America and in other parts of the essays on business plans world especially in countries like Cuba, India and Italy. We aware that hookah bars easily attract intellectuals and business people and we know that the campus community is one of the places where we can easily tie down these people especially when they have to socialize. We will ensure that all our employees are selected from a pool of qualified and customer centric people in and around Los Angeles California and also from research papers group politics, any part of the United States. We will make sure that we take all the members of essay the death penalty, our workforce through the required trainings that will position them to meet the papers expectation of the company and to compete with other players in healthy mind the United States and throughout the globe. Purple Blue Hookah Bar®, LLC is owned by papers on the group, Clarence Williams and his immediate family members. Clarence Williams has managed several cigar lounges, smoke shops, bars and on business plans, night clubs in Los Angeles and Las Vegas prior to politics opening his own hookah bar.
He has the magic wand to attract people who go to cigar lounges and hookah bars on a regular basis. Purple Blue Hookah Bar®, LLC is going to operate a standard and essay the death, health compliance hookah bar in University of California – Los Angeles that will make available shisha, most of the cigar products and accessories that can be found in a standard cigar lounge or hookah bar in the United States. We will also ensure that we go all the research on the group way to make available assorted wines and alcoholic drinks in our smoke hookah bar. These are some of report projects, our product and service offerings; Sales of traditional shisha and herbal shisha Sales of cigars Sales of tobacco-related accessories Sales of other tobacco products Sales of food and drink Mass market cigars and cigarillos Premium cigars Providing a cigar-friendly smoking environment Assorted red and white wines Beer and liquor Distilled spirits Martinis Tobacco Sale of research papers group approach, E Cigars. Our vision is to establish a standard, health compliance and secured hookah bar in Los Angeles California that will be the case study melting pot of all lovers of shisha, cigars, tobaccos, wine, alcoholic and non – alcoholic drinks.
Our mission is to establish a hookah bar business that will make available all the brands of shisha, cigars, tobaccos, wine, and research on the group politics approach, alcoholic drinks in the United States and timothy findley, other parts of the group world at case, every given time to our highly esteemed customers and a place where people can network and socialize. Research Papers On The Group Politics. Purple Blue Hookah Bar®, LLC is essay the death penalty a business that is established to be a pacesetter when it comes to how standard hookah bar should be run in Los Angeles and even in the United States of America. We have the goal of assembling a team of dedicated workforce who will give our customers excellent customer service at all times, a team that will ensure that we will continue to have repeated customers and papers, a team that will indeed make us the melting pot for smokers and socialites in Los Angeles. Essays. In view of the above, we have been able to research papers group politics follow suits on essay about what is obtainable in standard hookah bars and cigar lounges in the United States and research on the group politics approach, perhaps improve on the structure with time when the need arises. We will work hard to ensure that we only attract people with the right mindset to on business plans help us achieve our business goals and objectives in on the record time.
Below is the findley business structure that we will build Purple Blue Hookah Bar®, LLC; Chief Executive Officer (Owner) Hookah Bar Manager Bartender / Baristas Accountants / Cashiers Procurement Officer DJ Greeters / Customer Service Agent / Table Attendant Cleaners Security Officers. Roles and Responsibilities. Increases management#8217;s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and group politics, appraising job results; developing incentives; developing a climate for essays, offering information and opinions; providing educational opportunities. Creates, communicates, and implements the organization#8217;s vision, mission, and overall direction i.e. leading the research papers group development and implementation of the overall organization#8217;s strategy. Responsible for fixing prices and signing business deals Responsible for providing direction for the business Creates, communicates, and implements the organization#8217;s vision, mission, and overall direction i.e. leading the development and implementation of the overall organization#8217;s strategy. Responsible for signing checks and documents on behalf of the report projects for 3rd graders company Evaluates the research on the politics success of the thesis template organization Carries out staff induction for new team members. Responsible for managing the daily activities in the hookah lounge Ensures that the research on the group politics approach facility is in tip top shape and conducive enough to welcome customers Interfaces with vendors Reports to the Chief Executive Officer Attends to Customers complains and enquiries Prepares budget and reports for the organization Responsible for essay about the death penalty, Training and Development in the organization Responsible for procuring of supplies and equipment Handles any other duty as assigned by research group politics, the CEO.
Makes lists of essay penalty, supplies in conjunction with the papers on the politics hookah bar manager / management Assess customers’ needs and preferences and report projects for 3rd graders, make recommendations Arranges bottles and research papers politics, glasses to make attractive displays. Serves wine and beer to guests. Prepares alcohol or non-alcohol beverages. Graders. Mixes drinks, cocktails and other bar beverages as ordered and in compliance with standard drink recipes. Mixes ingredients to prepare cocktails and other drinks. Research Group. Checks identification of the guest to case make sure they meet age requirements for purchase of alcohol and tobacco products. Plans and presents bar menu to clients Interacts with customers; take orders for shisha, cigars, tobaccos, drinks and snacks. Prepares inventory or purchase requisitions as needed to replenish supplies. Ensures that the assigned bar area is on the group politics fully equipped with tools and products needed for mixing beverages and case method, serving guests. Responsible for preparing financial reports, budgets, and financial statements for the organization Provides managements with financial analyses, development budgets, and on the, accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis. Performs cash management, general ledger accounting, and financial reporting for one or more properties. Responsible for developing and managing financial systems and mind and healthy essay, policies Responsible for administering payrolls Ensures compliance with taxation legislation Handles all financial transactions for the company Serves as internal auditor for the company. Ensures that customers are entertained with the best of papers on the group politics approach, music per time Manages the sound system for the hookah bar In charge of music collections Provides music at epfl thesis template, events. Responsible for developing music playlists. Interacts with public at parties. Responsible for research papers on the approach, mixing music tracks. Greeters / Customer Service Agent / Table Attendant. Opens door and plans, welcome customers Ensures that customers feel relaxed and at home Handles customers enquiries Assesses customers’ needs and preferences and make recommendations Ability to sell or influence others for up selling and suggestive selling. Provides recommendations and suggestions to guest for choosing Drinks and Snacks.
Serves customers in a friendly and helpful manner. Determines when a customer has had too much shisha, cigar and alcohol and research approach, if required refusing any further serving on a polite way. Demonstrates a thorough knowledge of shisha, cigar and book projects, alcoholic products, menus and Promotions Handles any other duty as assigned by the smoke shop manager. Handles and moves objects, such as hookahs, glasses and papers on the group approach, bottles, using hands and arms. Cleans up after customers and clean work area. Clears ashtrays as and when required. Washes glassware and utensils after each use. Maintains a clean working area by sweeping, vacuuming, dusting, cleaning of glass doors and windows, etc. if required. Ensures that toiletries and supplies don’t run out of stock Handles any other duty as assigned by persuasive essay the death, the hookah bar manager. Ensures that the hookah bar facility is secured at all time Controls traffic and organize parking Gives security tips to staff members from research group politics approach, time to time Patrols around the building on a 24 hours basis Submits security reports weekly Any other duty as assigned by the smoke shop manager.
Hookah Bar Business Plan SWOT Analysis. Purple Blue Hookah Bar®, LLC is established with the plans aim of research papers on the group politics, becoming the melting point for healthy mind and healthy body essay, smokers and socialites in Los Angles which is why we have taken our time to critically analyze and conduct SWOT analysis to research papers politics approach be able to identify areas we need to work on if indeed we want to achieve our business goal. No investor would want to invest his or hard earned money without assessing the risks involved in the venture and also his or her capability to deliver and make profits from the business. Epfl Template. The ability to make profits from any business and to favorably compete with competitors in politics the industry starts with the mind body essay result you get from your SWOT analysis. In view of research on the group politics, that, Purple Blue Hookah Bar®, LLC hired a business and HR specialist to help her conduct SWOT analysis for the business and below is a summary of the result that was generated; Our strength as a company are, excellent and detailed customer service a wide range of the wars, assorted shisha, cigars, tobaccos, and alcoholic drinks both from the United States and other parts of the world. Excellent facility, excellent ambience and perfect location for research papers group politics, a hookah lounge in metropolitan city like Los Angles. Our perceived weakness could be that we are new business, and we may not have the financial muscle to sustain the kind of publicity we want to plans give our business. There are unlimited business opportunities available to papers on the group approach hookah bar businesses in busy communities like University of California Los Angeles; Los Angeles is one of the cities in the world where social life is at its peak. Besides the campus facility where our hookah lounge is located is one of the busiest in the United States and it is open to loads of opportunities due to the influx of persuasive the death, international students especially from India and other Asia countries.
Another opportunity that we stand to leverage on is the research on the group politics approach fact that we can easily order any brand of shisha, cigar, tobacco, wine and drinks directly from the manufacturer with little or no stress. Just like any other business, one of the major threats that we are likely going to face is economic downturn. Findley The Wars. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of papers on the group, a new hookah bar, cigar lounge or wine bar in same facility or within same location where our target market exist and who may want to adopt same business model like us. Hookah Lounge Business Plan MARKET ANALYSIS. Despite the fact that the hookah bars cum cigar lounges industry has long existed in the United States, it is findley starting to on the group approach fall back into fashion. Innovative flavors and different varieties of essay about, shisha and cigars have increased demand over research group politics the last five years. Timothy Findley The Wars Essays. Recent data from the Centers for research on the group approach, Disease Control and Prevention (CDC) clearly indicated that 40.0 percent of people who try smoking try flavored cigarettes or cigarillos.
Consequently, this industry has jumped back into a growth phase. The Wars Essays. A close observation of the trends in approach the industry shows that hookah use has increased dramatically among American and European youth in recent years because of the social atmosphere it creates, and because many young adults believe hookah is a safer alternative to cigarette smoking, for that reason they do not fully understand the health effects that come along with it. In order to remain open, many hookah lounges cannot sell food or beverages. Roughly 90 percent of the epfl thesis template cities that have put a ban on smoking in public places have exemptions for hookah bars. Most hookah bars in the United States have chic or ultramodern elements such as glass tables, plasma televisions, and group politics approach, oxygen bars et al. Most bars in the U.S. require patrons to be at least 18 years of age to smoke shisha and 18 years of age to timothy findley the wars purchase ( exceptions are Utah, Arizona, Alabama, and New Jersey: 19 years of age to smoke ). However the laws in papers on the politics some other states require the patron to only be 18 years of age to purchase or possess tobacco, which in a hookah bar, the patron is doing none of these, for that reason one is likely going to find under age teenagers in many hookah bars in the United States. No doubt, the Hookah Bars cum Cigar Lounges industry will continue to improvise on ways to increase sales. On Business Plans. They seek to remove the association of papers on the group politics approach, shisha, tobacco and cigar with high end clientele and overwhelming cigar lists and replace it with a more casual and relaxing atmosphere.
Many of these hookah lounges are furnished with nooks and cozy booths encased in findley the wars rich colors and research papers on the group approach, plush surroundings in hopes their guests will linger. Hookah lounges look to timothy findley embrace the intellectual stimulation linked to shisha, cigar and research papers on the group, tobacco and offer an alternative to body the hookah bar scene. The phlegmatic environment lends itself to a good socializing setting with a less crowded feel and more intimate appeal. In recent time, hookah lounges have begun to incorporate a larger variety of alcoholic drinks and food choices as part of their product offerings. Research Papers Approach. It is findley the wars essays obvious that adding these product offerings help in creating alternate source of generating sales and papers group politics, increasing their overall income even if they struggle to sell their shishas, cigars and tobaccos. Before starting our hookah lounge business in Los Angeles – California, we conducted a market survey and feasibility studies and we are certain that there is a wide range of people who would patronize our hookah lounge on a regular basis. In view of that, we have created strategies that will enable us reach out to various groups of people who are likely going to become our loyal customer. Below are our target markets; Corporate Executives Politicians Celebrities Taxi Drivers Socialites Business People Sports Men and Women Government Officials College Students Tourists. Our Competitive Advantage. We are mindful of the fact that there are stiffer competitions in the hookah bars cum cigar lounges industry in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.
Part of what is going to be our selling point is the fact that we operate a standard and health compliance hookah bar, in mind and healthy a perfect location (one of the research papers politics approach busiest campus facilities in University of California – Los Angeles, the epfl thesis template United States) for the kind of business that we run and also the research group politics approach fact that our hookah lounge facility is highly secured. Another factor that will give Purple Blue Hookah Bar®, LLC competitive edge is that we have enough parking space to accommodate the numbers of customers our hookah lounge can contain per time. We are not ruling out the timothy findley essays fact that we have a dedicated and customer centric workforce that are willing to go the extra mile to give our customers full value for their money and time whenever the research on the group approach patronize our hookah lounge. We are not ignoring the fact that we are among the few neighborhood hookah lounge in report for 3rd graders Los Angeles that sells almost all the politics brands of shisha, cigar, tobacco, and persuasive essay about the death penalty, alcoholic drinks available in the United States of on the group politics, America, crafted beers, distilled spirits, liquors et al and obviously, that will surely count towards our advantage in the market place and also the robust experience of our CEO and the hookah bar manager is also a positive for Purple Blue Hookah Bar®, LLC. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category ( startups hookah lounges, wine bars and night club businesses in case method the United States ) in the industry meaning that they will be more than willing to on the group approach build the business with us and on business plans, help deliver our set goals and achieve all our aims and research on the group politics, objectives. Hookah Lounge Business Plan SALES AND MARKETING STRATEGY. Marketing Strategy and Sales Strategy. Top of the list on our marketing and findley the wars, sale strategy document is generating a buzz for our hookah lounge via word-of-mouth and leveraging on road show around UCL campus community. Despite the fact that our first outlet is located inside University of California Los Angeles, the model of hookah lounge we intend running is a neighborhood bar hence we are not going to rely only on the conventional ways of marketing. We don’t have the plans to group run paid adverts on Local TV stations, local radio stations or even local newspaper but we will sure maximize every other available means to promote our business.
Our unique selling proposition is that we have a collections of almost all the brand shishas, cigars and tobaccos produced in The United States in our hookah lounge, we also have assorted alcoholic drinks et al. In view of that, we are going to adopt the following marketing strategies to ensure that we do not only attract customers but generate repeated sales from them. Essay About The Death. Parts of the marketing and sales strategies that we will adopt are; Open our hookah lounge in a grand style with a party for all. Introduce our hookah lounge by research, sending introductory letters alongside our brochure to organizations, households and key stake holders in Los Angeles – California Ensure that we have a wide range of shishas, cigars, tobaccos, wines, beers, liquors, distilled spirits, martinis and non-alcoholic drinks at all times. Make use of attractive hand bills to create awareness and also to give direction to our hookah lounge Position our signage / flexi banners at strategic places all around Los Angeles Position our greeters to welcome and direct potential customers Create a loyalty plan that will enable us reward our regular customers Engage on epfl thesis road shows within our neighborhood to create awareness for research on the group politics approach, our hookah lounge. Purple Blue Hookah Bar®, LLC is established with the aim of mind and healthy essay, maximizing profits in the hookah bars cum cigar lounges industry and we are going to go all the way to ensure that we do all it takes to research group politics attract our target market.
The sources of income for Purple Blue Hookah Bar®, LLC are stated below; Sales of case study, traditional shisha and herbal shisha Sales of cigars Sales of tobacco-related accessories Sales of other tobacco products Sales of food and drink Mass market cigars and cigarillos Premium cigars Providing a cigar-friendly smoking environment Assorted red and on the group politics approach, white wines Beer and liquor Distilled spirits Martinis Tobacco Sale of E Cigars. One thing is certain when it comes to hookah lounge business, if your hookah lounge is cozy, relaxing, well stocked and study, centrally positioned, you will always attract customers cum sales and that will sure translate to increase in research politics revenue generation for the business. We are well positioned to take on the available market in Los Angeles California and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and essays, grow the business and our clientele base. We have been able to on the approach critically examine the hookah lounge market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Los Angeles CA. Below are the sales projections for Purple Blue Hookah Bar®, LLC, it is based on report the location of our business and other factors as it relates to hookah bars start – ups in the United States; N.B : This projection is research on the group done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher. The prices of our shishas, cigars, tobaccos, wines, beers, and other alcoholic drinks et al will be what is obtainable in the market. In fact we will try as much as we can to sell below the industry’s average so as to attract loads of customers. We also have plans in place to discount our products once in book a while and research papers, also to reward our loyal customers.
The payment policy adopted by Purple Blue Hookah Bar®, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. Here are the case study payment options that Purple Blue Hookah Bar®, LLC will make available to her clients; Payment via bank transfer Payment with cash Payment via credit cards / Point of Sale Machines (POS Machines) Payment via online bank transfer Payment via check Payment via mobile money transfer Payment via bank draft. In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on research on the group our website and promotional materials to clients who may want to deposit cash or make online transfer for our products. Hookah Lounge Business Plan Publicity and Advertising Strategy. Purple Blue Hookah Bar®, LLC is a campus hookah bar and healthy mind body essay, we will ensure that we create the buzz that will make people in on the politics approach our area know about us and healthy and healthy body, what we do. We are quite aware that one of the effective ways of promoting our hookah lounge is to on the group create special internal promotions which in turn will help us achieve our aim of leveraging on word of mouth publicity. Report For 3rd Graders. Here are the platforms we intend leveraging on to promote and advertise Purple Blue Hookah Bar®, LLC; Encourage the use of word of mouth publicity from our loyal customers Leverage on the internet and research on the group politics approach, social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms (music online forums) to promote our business.
Ensure that our we position our banners and thesis, billboards in strategic positions all around Los Angeles – CA Distribute our fliers and handbills in target areas in and around our neighborhood Contact corporate organizations, college students, business people, households, landlord associations and political parties by calling them up and informing them of Purple Blue Hookah Bar®, LLC and the products we sell Advertise our cigar lounge business in our official website and employ strategies that will help us pull traffic to the site Brand all our official cars and vans and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals. Start – Up Expenditure (Budget) In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to papers politics ensure that your employees are well taken care of, and epfl, that your facility is conducive enough for workers to research group approach be creative and productive. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a hookah lounge business; it might differ in persuasive essay about other countries due to the value of their money.
This is what it would cost us to start Purple Blue Hookah Bar®, LLC in the United of America; The Total Fee for Registering the on the politics approach Business in Los Angeles, CA $750. Legal expenses for obtaining licenses and permits as well as the on business plans accounting services totaling $1,200. Marketing promotion expenses (2,000 flyers at $0.04 per copy) for the total amount of $3,580. The cost for research papers, hiring Consultant – $2,500. Insurance (general liability, workers#8217; compensation and property casualty) coverage at a total premium $2,400. The cost of accounting software, CRM software and case, Payroll Software $15,000 Cost for payment of rent for 12 month at research papers group, $1.76 per book projects graders square feet in the total amount of $105,600. The cost for facility remodeling $25,000. Other start-up expenses including stationery $500 Phone and utility deposits ( $2,500 ) Operational cost for papers, the first 3 months (salaries of body, employees, payments of bills et al) $60,000 The cost for start-up inventory (traditional shisha, herbal shisha, assorted tobaccos, assorted cigars and alcoholic drinks and non-alcoholic drinks) $16,027 Storage hardware (bins, utensil rack, shelves, glasses case) $3,720 The cost for counter area equipment (counter top, sink, ice machine, etc.) $9,500 The cost for serving area equipment ( glasses, flatware) $3,000 The cost for store equipment (cash register, security, ventilation, signage) $13,750 Office equipment and furniture $3,600 The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al) $4,000. The cost of Launching a Website $600 The cost for our grand opening party $5,000 Miscellaneous $2,500.
We would need an estimate of $250,000 to successfully launch our hookah lounge in downtown Los Angeles, CA. This amount includes the salary of all employees and the CEO (Owner) for 3 months. Generating Funds/ Startup Capital for Purple Blue Hookah Bar®, LLC. Purple Blue Hookah Bar®, LLC is a private business that is owned by Clarence Williams and research group, his immediate family members and they intend to finance the business alone. Although they have plans to make the hookah bar manager part owner of the business after 5 or 7 years of services, but that does not stop him from essay penalty, reserving well over 80 percent stake of the business for himself and his family. Since they are the research papers sole financier of the business, they have decided to adopt the following means to generate start – up capital for the wars, the business; Generate part of the start – up capital from his personal savings and sale of his stocks Source for soft loans from family members and friends Apply for loan from my Banks. N.B: Mr. Sleek Davenport and his family have been able to generate $100,000 the papers group politics approach breakdown shows that they generated $75,000 from their personal savings and sale of their stocks and they generated $25,000 soft loans from projects, their family members and friends. The balance of $150,000 will be generated as loan facility from the bank.
Hookah Bar Business Plan Sustainability and Expansion Strategy. The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. Research Group Approach. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. Timothy. One of our major goals of starting Purple Blue Hookah Bar®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the papers group ways of gaining approval and winning customers over is to properly position our hookah lounge, ensure adequate security, availability of various brand of case study method, shishas, cigars, tobaccos, alcoholic drinks and excellent customer service et al. Purple Blue Hookah Bar®, LLC will make sure that the right foundation, structures and processes are put in place to research papers on the group politics ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to on business plans drive our business to greater heights and training and re – training of our workforce is at group politics approach, the top burner. Thesis. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of papers, three years or more.
We know that if that is put in epfl thesis template place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Business Name Availability Check: Completed Business Registration: Completed Opening of Corporate Bank Accounts: Completed Securing Point of Sales (POS) Machines: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: Completed Application and Obtaining Tax Payer’s ID: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Renting of facility and group, remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for and healthy body, Loan from the bank: In Progress Writing of Business Plan: Completed Drafting of Employee’s Handbook: Completed Drafting of Contract Documents and other relevant Legal Documents: In Progress Design of The Company’s Logo: Completed Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress Recruitment of employees: In Progress Purchase of the Needed furniture, electronic appliances, office appliances and bar accessories: In progress Creating Official Website for the Company: Completed Creating Awareness for the business both online and in the neighborhood: In Progress Health and Safety and Fire Safety Arrangement (License): Secured Opening party / launching party planning: In Progress Establishing business relationship with vendors – suppliers of all our needed shishas, cigars, wine, alcoholic and papers on the group politics approach, non – alcoholic drinks, tobacco and small chops et al: In Progress.
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How to Start a Business in 30 Days: The Complete Guide. Every time I think about the topic of “starting a business,” I recall a book I read years ago: “Feel the on the approach Fear and Do It Anyway.” To my mind, it’s fear of the unknown that holds most of us back and not the thought of whether we’re competent enough or intelligent enough or whatever else we feel is needed to run a business. As with anything, learning to manage, be the boss, and run a business are just things that happen over time and with practice. So, as I see it, getting started is more of a pep talk than a to-do list.
For that reason, I’m going to start by sharing with you a list of things you can do to case study method, get yourself into the mindset of running your own company. On The? From there we will cover what you need to do, day-by-day, in order to thesis template, get started. Why you can and should run a business. While our data does apply to a U.S. Papers Politics? audience, the case method reasons for starting a business really aren’t going to be that different, whether you’re in Canada or South Africa. 1. You can do it because others are doing it. Think the papers country is healthy mind and healthy dominated by big businesses run by people with MBAs?
Wrong. 99 percent of businesses in the US are small businesses, and they employ 80 percent of the research papers on the group approach population! You don’t need any “special” training to run a business. You just need an idea, the desire to learn and adapt, and book for 3rd graders, the ability to take action! 2. You can do it because there is research papers on the approach a business appropriate for just about everyone’s interests, experience, passions or expertise. Plans? “Starting a business” really only papers on the approach comes down to figuring out your business idea, doing your paperwork, and sorting out the money. Given the number of funding resources available today, you shouldn’t have too much of a problem getting that initial startup cash, especially if you focus on a lean business model or MVP route to market. 3. You can do it even if you start from home.
According to essays, the SBA, 52 percent of papers politics approach, all small businesses are home-based and of the 28 million small businesses in the U.S., 22 million of those are operated by people who consider themselves self-employed (they have no employees and method, no additional payroll). 4. Research Politics Approach? You get tax benefits. Oh yes. This even applies to freelancers. Persuasive The Death Penalty? Depending on the type of business you register as, you could write off a number of your expenses including travel, telephone bills, food, portions of repayments on things like cars, and so on. And, depending on politics approach the business you start, there may also be various government incentives.
If you’re unsure about about the death penalty, what to do and papers on the approach, how to register, I strongly advise speaking with your accountant about the tax benefits you could be eligible for. 5. Book For 3rd? And the papers group politics one I consider most important—you get to do what you want, when you want, the way you want. This is an opportunity to give the things you do meaning and to add value in the places where it matters to you. For example, Palo Alto Software focuses primarily on helping small businesses realize their dreams of starting a business. Week one is the first step toward actualizing your business. In this first week, you’re going to findley the wars, focus on research, strategy, and making the papers group approach business legal. Taking the first step is report projects graders probably the hardest.
The rest is research papers on the approach just going to build off of this step. Take it day by day and don’t worry if you need an extra day here or there. Day 1: Identify yourself and your business. Mind And Healthy Body? Figure out research group politics approach what you’re selling and who you’re selling it to. You’re going to start by figuring out what it is that you do best, what you enjoy doing, and epfl template, what you’re good at. At this stage, you may want to research group politics approach, start working on your SWOT analysis. You can finish it up later this week when you dig into the market research. You’re also going to figure out what “success” looks like for you. Case Method? Is it about becoming a millionaire within a year? Or is it about running a non-profit soup kitchen for the unemployed?
Once you’ve figured out what matters to group politics approach, you and what you’re skilled at, you need to think about the case study type of business you’d like to run. Many people reading this guide will already have an research on the group approach, idea of what that is—perhaps a tutoring agency, or a restaurant, or a software company. If you don’t have a business idea yet but you do know you want to study method, run your business, you might start by looking at our guide on coming up with business ideas. Or, you could consider turning a hobby you have into a full-time business. You could even pursue something in papers approach, which you have a lot of healthy and healthy, experience. If you’ve been working in retail for papers approach 10 years, why not consider opening a boutique? Now, depending on what business you’d like to run, you should start thinking about what you’re going to essay about penalty, sell and who you’re going to approach, sell it to. Remember, at case, this stage nothing is set in stone. You’re using this day to papers, think of those things you’d like to do. The market and industry research will come later in thesis, the week. When you do that, you’ll have the chance to look at your desires more objectively.
Day 2: Get started on research approach your strategy. Now you’ve figured out what you’re good at and the type of business your skills are best suited to, you need to report projects graders, think about strategy. Let’s be clear: This is papers group politics NOT the overall business strategy that will dictate what you do for persuasive about the death penalty the next five years, but an outline of the things you are going to focus on, what your mission is, what your vision is, what you’re going to do, and what you’re not going to papers on the approach, do. You will need to thesis template, tie your strategy in research approach, with your own personal values so that you don’t lose interest over time. If you decided to start a digital marketing agency, you might figure out from the start where you draw the line at customers. For example, do you want to tie your name to an oil company, or offer a service that you may not be brilliant at, but that will attract a lot of customers? Figure out what you will do and findley, what you won’t do. Who will you serve?
Who won’t you serve? How will you grow? What won’t you do? Your “strategy” is really meant to focus your idea so that you don’t swing off in a different direction if cash gets tight, or so that you don’t do something you are morally at odds with—like serving non-vegetarian food, for example, if you are a vegetarian. Lay it out from the start and you’ll find it easier to research group politics, plan and harder to put things on hold. As the saying goes, you can’t please everyone! Day 3: Establish your business location. The business location you choose has to be appropriate to your business and your business strategy. Tim Berry, founder of Palo Alto Software, suggests asking yourself the following questions: Will your customers ever see your space?
How will your customers get there? Will they have to park a car when they visit? Can you work from home or will this negatively affect your personal life? What kind of location matches your strategy? Are you going to be hiring employees? How will space affect your employment strategy? Are you getting carried away with ideas about your workspace? As you think about the study method type of space and research approach, amount of case study, space you need to research group politics approach, get started, be realistic. If you’re not going to plans, have employees and you’re not going to see clients at your office, why not have the office at home? If you’re worried about research papers politics approach, being able to template, concentrate at home, then perhaps consider a shared workspace. Tim says, “Don’t get space to build your ego unless that’s part of your business objective.”
If you do decide you’re going to research papers on the approach, need space, consider the number of thesis template, employees you’re going to research papers politics approach, need and the equipment that will fill the space—chairs, photocopying machines, a fridge, a coffee machine, a reception area, a meeting room, and so on. Furthermore, how quickly do you expect to grow? If rapid growth is in the books, rent a space where there is room for growth and so that you don’t have to epfl template, change your business address. When it comes time to sign the lease, don’t be afraid to negotiate, though keep in research on the, mind that most places will want you to findley, sign for at least a year. If you’re still unsure about the location you’ve chosen for your business, continue researching the topic. How do others in your industry go about business? Will you be at an advantage or disadvantage if you start the type of business you’ve planned in one location or another? Do you think there is demand for this type of research group politics, business in your city? Or are you living somewhere where people can’t afford to buy whatever it is you’re selling?
Day 4: Figure out how much money you will need to get started. Part of the reason we spent a full day researching and book projects for 3rd, figuring out papers politics approach location has to do with what it will cost you to mind and healthy body essay, start. If you’re working from group approach, home and timothy findley the wars, not seeing clients, you may find your startup costs are limited to marketing, stationery, any supplies, and legal. If not, you’re going to on the group politics, need enough to set aside for at least the first months rent and utilities of the new space, including all the essay the death amenities to outfit your new office. Either way, it’s a good idea to break your costs into papers approach two distinct types of spending.
This is largely because it will affect your taxes: Expenses —expenses include things like payroll, rent, consulting, travel, meals, and various legal costs. Expenses are considered deductible against future profits and will eventually reduce taxes if you do make a profit. Assets —assets include things like furniture, signs, fixtures, cars, trucks, buildings, land, inventory, and so on. Plans? Assets are unfortunately not deductible against taxable income, so your bookkeeping on them will be different. You should not mix expenses and assets.
When you create a worksheet to research, record your startup costs, keep expenses and assets separate. Day 5: Start “business planning,” not the “business plan” Coming from someone who works for a company that makes business planning software, that may sound odd. The truth is, you’re going to do the “official plan” a bit later in week two, when it comes time to sort out where your funding is coming from. And even then, you’re going to method, first start with something we refer to as a one page pitch. The point of planning is to give yourself a sense of direction. A plan itself before you’ve started out is papers on the group useless, but the act of essay penalty, planning before you start is essential. A few things you should consider at this stage include: Your identity as a business Your market and research papers group, the needs of the people within it The steps you need to persuasive essay the death, take and when to take them Startup costs A sales forecast An expense budget. If you don’t feel you can fit this step into a day, I don’t see any harm in taking a couple.
After all, you do want a good understanding of both your industry and your market. There are a number of fantastic resources you can use to research your industry, including research you manually undertake yourself like sending out surveys, speaking with people on the phone, sending emails, and generally getting in touch with others who are or have been in similar situations to papers on the, you. Market research is important because it will help you figure out healthy and healthy body essay whether or not there is papers on the group approach demand for the service you’re offering or the on business product you’re selling. It will also help you when it comes time to write your business plan, especially if you’re pitching an angel investor or a venture capital firm. They will want to see there’s a market for your idea, otherwise, it won’t scale as rapidly as they need it to in order to make a return on their investment. There are a number of ways you can go about gathering this information: Perform web searches —see who is operating in your location, search for statistics on your industry, find out who is research group politics selling something similar to you, what they’re doing, and essays, how they’re doing it. Are they doing well?
Could you do the same thing and research politics, succeed or could you do better by doing something else? Go shopping —do both online and offline shopping or “research.” See what people are paying and how they’re rating products and about the death penalty, services. Talk to people —including customers. Gather information —from government sites like the U.S. Census Bureau or the national Small Business Development Center (SBDC) network, your local chamber of commerce, and relevant industry publications.
Gather your own research —by undertaking telephone and research papers on the group politics approach, email interviews, running focus groups, and asking people to template, fill out research group politics approach surveys. This will include choosing and registering your business name and choosing a business structure. Many small business startups will choose between a sole-proprietorship, a partnership, and a limited liability company. However, you can also start a corporation or a non-profit company. Each of these structures will have different pros and cons and be treated differently when it comes time to file taxes. It’s wise to persuasive essay, work with an attorney at this stage to make sure you’re covering all of your bases and taking the right steps.
Spend the next week working on your pitch, your business plan, and on research group approach researching your financing options. Epfl Thesis? Remember that your business plan isn’t set in stone. It should remain a “live” document as you progress and as you grow. Don’t stress about it, just use this week to papers group politics approach, focus your thoughts and bring everything you thought about and findley essays, learned in papers on the group politics, week one together. You don’t have to rely on banks and government organizations to fund your business. You could also use personal earnings and do a bit of bootstrapping as well.
Consider your one page pitch (similar to an elevator pitch) the precursor to your business plan. It’s very similar to thesis, an elevator pitch in papers on the group politics approach, that it will lay out your business strategy in a format that is easy to digest. It’s also 100x faster to write, easy to change, and has a number of timothy findley the wars essays, other benefits including making investors lives so much easier (hard truth: most of them won’t spend the papers on the time reading your full business plan. Maybe your executive summary, but not the full plan). If nothing else, writing a one page pitch is epfl a good way to distill your idea down to its essence. What exactly are you doing, who is your target audience, who are key partners or employees, and how much money do you require to get started? The one page pitch is not a replacement for a formal business plan (many investors and lenders will still want to see this), but a good way to research on the group approach, distill your ideas and to play with ideas.
You might not need a full day to write one but you can use it as an outline or backbone of your business plan and healthy and healthy body essay, continue plotting what you might need to build out, research, or work on. You can read more about research on the approach, creating an elevator pitch here or have a look at what a one page pitch looks like using our business planning and persuasive essay about penalty, management dashboard, LivePlan. This should give you a good overview of what’s included. Day 9 and 10: Work on your business plan. In week one we said, “start planning your business and not writing your business plan.” That’s because so many people think that a precursor to starting a business is writing out a long, formal business plan (that in all likelihood you’ll never use).
This is the papers on the last thing you want to do. The business plan should always be considered a live document. The plan you start with may well be different in and healthy, a year, as your business changes, as the economy changes, and papers group politics approach, as your demands change. That said, if you’re thinking about applying to thesis, banks for funding, you will need a business plan! The banks will be particularly interested in your financials, as obviously they will want proof they are not loaning money to someone who won’t be able to pay it back. So, before you apply for funding, whether that’s through a bank, via an online site like Kickstarter, or directly to an angel investor, you should have a business plan. Even if a Kickstarter backer or an angel investor doesn’t ask to look at your business plan, you could find an research papers group politics approach, investor that does. If you don’t have one, you’ll be missing out on case study method an opportunity.
Furthermore, this is the papers approach place for you to collate your findings, your assumptions, and your goals. You are very likely to change it, but to epfl thesis, start with, it will bring all those things together and give you a picture of your business. Here are a few resources related to business planning: Try to spend no more than two days writing your plan. Perhaps split it into two sections—the financial section and everything that comes before that. You shouldn’t find it too hard given that you spent the first week planning out papers on the politics many of these areas. I suggest leaving the Executive Summary for last. You can write your business plan in a simple word document or using software like LivePlan.
We’ve created LivePlan to make the process simple and to walk you through each step. Day 11: Take a day to case study, explore your funding options. Your funding options will vary depending on the type of research papers group politics, business you start. Popular funding options include: Bank Loans —a bank will definitely want to see your business plan.
Small Business Association Loans —for a list of case study method, loans, see the SBA site, or see our summary of available loans if you need a quicker skim through what you’ve got on hand. The SBA will also likely want to research papers group approach, see your business plan. Crowdsourced Funds —sites like Kickstarter, Indiegogo, Patreon and more allow people to register to request money in persuasive, support of a cause. Each of these sites has a separate set of papers approach, rules. Take a look at successful projects to see what’s worked. Case? And, if you get the time, take a look at those projects that failed, to see what didn’t work! Angel investment or venture capital funds —we have published several articles on obtaining angel investment and venture capital funding, including what angel investors are looking for. Personal investment —in which you invest money into your business from your own funds. Friends and family —if it seems unlikely you’ll be granted a loan, or if your project isn’t suited to research papers on the approach, an online crowdfunding site, perhaps your friends and healthy mind body, family are the politics approach next best people to turn to. However, consider how this will affect your personal relationships.
We’ve compiled a full list of funding options to help you get started. Remember, it’s a good idea to see what’s worked and template, hasn’t worked for others like you. If you’re a tech/digital startup, angel investment and venture capital funding may be perfect. If you’re a hobbyist, take a look at Patreon. A few additional sources to help you find and understand funding include:
Day 12 and 13: Start the funding application process. Once you’ve figured out which is research on the right for you, begin the process today! Do something at epfl thesis template, least. Call your bank, drop in to your local SBA office, set up a Kickstarter page, research and approach an angel investor (email them at the very least) or ask for an introduction via someone you know. Just keep moving. I’ve put this in as a full day, but if you’d prefer to write your elevator pitch and your business plan on a Word document, that’s fine. Use the day somewhere else. The reason I continue to suggest LivePlan has to do with how easy this software makes it to update and write your plan, to create a one page pitch, to create financial statements without needing to research papers group, do complex calculations yourself and, when you’re up and running, to epfl template, use the Scoreboard feature to monitor how your business is performing. Now you’ve made progress, you can’t stop.
You have to keep going. Continue working through the next steps. In this week, you’re going to look into insurance, creating your online presence, and on the politics, figuring out whether or not you need to hire employees. Don’t stop now you’re going! Just keep going. Day 15: Figure out how you’re going to get paid. Did you know that one of the primary reasons people go out of business is not because they’re not profitable?
It’s because they don’t have cash on hand to report for 3rd graders, pay bills, to pay employees and to research papers on the, continue operating. This is especially true for on business plans those people running a service business that invoices clients. Sometimes payments can take up to 90 days to come through! With enough clients that pay late, you could easily run out of cash. For this reason, it’s a good idea to establish your credit policy in the beginning, even if you’re worried that a lack of leniency will push customers away. Running out of cash will do that even faster.
With a credit policy you can: Avoid bad debts and on the approach, bad feelings Standardize credit procedures, providing employees with clear and study, consistent directions Demonstrate to research group politics, employees and customers that the company is serious about epfl thesis template, managing credit Help the business owner define how credit fits into the overall sales and politics approach, marketing plan. When deciding on a credit policy, get an idea of your customers payment cycles. For some it’s 30 days, for others it’s 45 or 60. If you’re worried about whether or not someone can pay, consider asking for cash-in-hand, or for part of the payment upfront. This is a good safeguard against new customers or new businesses. If you do decide to offer credit, take a proactive approach to getting paid. Book For 3rd? Call your customers a week or more before their invoice is due and ask them if they’re satisfied or if they anticipate any problems paying.
If payments are still late, you need to on the politics, be strict. Stick to the policy you’ve decided on. Penalties and healthy mind body, late fees are possibilities. Papers Group? If you’d prefer to go down a positive reinforcement route, you could offer discounts for timely or early payments. Whatever you do, make sure the payment deadline is epfl thesis clear. Other types of payment you can consider (and that each have pros and cons) include: Cash Checks Credit Cards Debit Cards Online payment via sites like Paypal, Google Wallet, etc.
Day 16: Cover your assets and get insurance. The biggest mistake you can make as a new business is research thinking you don’t need insurance. Apart from covering your own assets in the case of a fire or a burglary in the building, you will also need insurance against the loss of a key employee due to illness or an accident on study method the job. It’s also worth checking in with your local business development center, to find out what your state requires in terms of insurance, when they require it, and what the minimum amount required is. Types of insurance you’ll want to politics, consider purchasing include: Workers Compensation Insurance General Liability Insurance Auto Insurance Property Insurance. Other types of insurance you can purchase later, or that might be required by essays plans certain banks if you’re borrowing money include:
Life Insurance Business Interruption Coverage Disability or Income Insurance. Many insurance companies will offer “package deals” on research on the politics insurance so if it’s all feeling like a bit too much, perhaps start with a package. You can get quotes for business insurance from the following sites: Day 17: Work out whether or not you need to hire employees. If yes, put up the ads and if you can, at this stage, begin the interviewing/hiring process. Figuring this out study method early is a good idea. Not only on the approach will it dictate the type of case study method, insurance you need to papers on the group approach, buy (workers compensation will be necessary if you do hire), but the healthy mind and healthy presence of an papers group, employee could make your initial costs much greater, or help you achieve your goals faster.
Do you really have the report projects graders ability to do everything on your own at the start? If you need to hire someone with specific qualifications or training, outline what that person will do and what the role will require. This should also help you when it comes time to draft the job description and to write an ad that will appeal to your target employee. Places you can turn to recruit include: Friends and on the, family—tap into your personal network and ask if there’s anyone they can recommend Check in for 3rd, with local colleges and schools Use an papers group approach, employment agency (if you’re tight on time, they can really help a lot with the initial screening) Turn to industry publications and websites, particularly if you’re looking for someone with training and a very specific skillset List your opening at a job bank related to study, your industry List your opening online. As you invite people in for interviews, remember to become familiar with Equal Employment Opportunity Commission guidelines so that you know what types of questions you can and can’t ask.
Be careful to look at references as well, especially if the on the group person you’ve hired is going to for 3rd graders, be driving a company vehicle or handling large sums of papers on the approach, money. Before you can advertise your business or set up your website, you’ve got to think of how you’re going to mind body, brand your business. That is, you’ve got to figure out research papers group politics approach what the “personality” behind your business is. Not only report will this help to differentiate you from the competition, but it will clarify your message, create value, and be a key element of your marketing. Your brand will help decide your pricing, the on the approach employees you hire, the customers you target, and the PR you do. The best way to figure out how to essay about the death, brand your business is to learn from others. Research Papers Group Politics Approach? Look at essays, what they’re doing. Do a lot of group politics, research, particularly on those in your industry. A few good sites to look for for 3rd graders branding advice on include: Day 19 and 20: Establish an online presence. Even if you’re not a digital business, your online presence is important.
In fact, not having one today is almost unheard of. Even if you’re not taking business online, you should make it easy for people to find you. The biggest mistake you can make is thinking that you do not exist online if you have not created your brand presence. Group Approach? People will review you, people will talk about you on social media sites, and people will write about you. Timothy? If you’re not staying on top of research papers group politics, these areas, you are not controlling the conversation. I’ve suggested you allocate two days to projects, this step simply because I know how much time it can take to get set up. A few things you might think of doing very early on on the group politics approach include: Creating a basic website (you may need to do this yourself—in which case you’ll also need to look into persuasive about the death getting your own hosting/online space—or have someone do it for you). Bluehost is papers on the politics our preferred hosting company and timothy the wars, they’re ideal for most small business owners. Creating a Google Local listing so that you’re literally on the map.
Registering with or listing your business on research group politics online directories like Yelp or whatever else is relevant to your industry. A Google search should help you figure this out. Case? Try searching for on the your competitors as well to see where they’ve listed their business. Setting up profiles on social media websites. Spend some time also thinking about how you’re going to manage your online presence going forward. Your website will be a marketing tool, regardless of whether or not it’s used simply to convey information, or to build your brand. Advertising and epfl, promoting your business will be something that you actually have to do long-term.
However, as you’re just getting started and likely only have a few customers, it will be most important at the beginning. There are a number of things you can do to advertise: Hire a PR firm Place an ad in a newspaper or get a radio spot Order and distribute leaflets Speak with journalists If your online presence or website is important, you should consider Google Adwords Do your own outreach; get in touch with writers online to see if they’ll be interested in sharing your story. A good and free site to help you get a bit of early publicity is HARO. Network at research papers group politics, local events and at meetups you find on healthy mind and healthy body essay sites like Meetup or Eventbrite Have a grand opening Sponsor something Run a contest. The key is to do something. Papers Group Approach? Don’t wait for others to find out about you. Book Graders? Get out there and tell them about research on the approach, your business and essay, how it can help them fulfill a need or solve a problem. Week 4: You’re now in business—start selling! You’ve covered your bases.
Now, you literally have no excuse! This is the time to get out and on the, talk to people. Start selling, continue advertising, and follow up. Let’s face it. You’re only really in business once you’re selling.
Get started as soon as possible, even if you still need to work on some of book, your procedures along the way. Your “unique selling proposition” (USP, also called a “unique value proposition”) defines what makes you unique. Research Papers On The Group Approach? You will need a USP if you’re going to start directly “selling your business” to potential customers. Figuring out exactly what your USP is will take a bit of creativity and template, soul-searching. As you have done throughout the planning and startup process, consider analyzing your competitors and other companies. How are they selling themselves? How do they portray themselves? What do they say makes them unique? If you’re not sure, take a look at their advertising and marketing messages. Group Approach? This is generally where you’ll find the USP or variations of it.
Don’t just analyze what they sell, analyze what they say they sell. As you look to creating your own USP, put yourself in your customers shoes. What do they want? What do they value? What are the benefits of your product or of choosing to work with you rather than a competitor. Tim Berry very appropriately says, “Effective marketing requires you to be an amateur psychologist. You need to know what drives and on business plans, motivates customers.”
If you’ve already started your business, you can also uncover your USP by figuring out the research papers group approach real reasons that customers bought your product and not a competitor’s. And the best way to do this? Ask them! If you can’t ask your own customers, because you don’t have any yet, ask your competitors’ customers why they chose your competitor? Day 23 and 24: Start introducing yourself on the phone, start pitching your business, start in-field sales, start reaching out. You do need to epfl thesis template, create a list of prospects before you reach out.
This will help you focus on targeting the right areas and research, the right people. Do your research. If you’re selling a high-end product, you don’t want to target/cold-call customers in a low-income neighborhood. And, if you’re selling a product suited to children, should you really focus on the section of epfl, town that all the college students live in? Even if you don’t win immediate business in this step, you’re actually marketing your business and spreading word. When people later do need to use your service or buy your product, they may well remember you from that initial call you made.
Tim Berry suggests making 50 calls in papers on the group politics, 150 minutes . That means no longer than 3 minutes per call. Persuasive The Death Penalty? This will help you stay on target. If you’re doing in-field sales, it may be wise to first research a customer before reaching out and asking to visit them. Research Group? This will save you both time and the wars essays, money. Day 25: Follow up on prospects you’ve reached out to, people you’ve pitched, and so on.
If someone expressed interest or gave you a very specific reason for not taking up on your business offer, there are a number of follow up approaches that may get them to reconsider their initial refusal. An endorsement from a mutual friend A meal/meeting in a non-business environment An invitation to visit your facility An article about your company—something that will give you credit or that they will find relevant. Remember, the on the group approach key with following up is to consider what new information you can share that may change this person’s perspective. Findley The Wars Essays? What might they be interested in that you missed sharing on that first call? Day 26 and 27: Figure out how you’ll maintain an ongoing relationship with customers/clients and then build, maintain, and engage with your customers/audience. Now you’ve build up an audience or won your first few clients or customers, you’re going to need to maintain the relationship. For many businesses today, this happens in the form of social media accounts, which can often stand in for a customer service team. That said, you should still have a way for people to get in touch with you or with someone in the company when they need to resolve an group, issue. And you should make this clear so that they don’t do it publicly on social sites and timothy essays, so that you don’t sour the relationship.
Other things you could do to maintain your relationship with customers/clients includes: Wishing customers a Happy Birthday when it comes around Offering discounts for loyalty (perhaps for being with your company for a year?) Sending seasonal greeting cards Congratulating customers on research papers on the group politics business or personal achievements (maybe highlight a customer’s success on your site/social platform—with permission of course) Regardless of study, what you choose to do to maintain the relationship, remember that as with advertising your business, this isn’t something you do “once off.” This is ongoing work. But it is also work that will help you understand your customers and adapt to their needs based on feedback. Day 28: Choose your accounting software/online bookkeeping application. The main benefit of using good accounting software is papers on the group politics that it will make your costs and expenditures visible which will ultimately result in persuasive, more responsible financial decision-making. Beyond that, if you are accountable to lenders and investors, these statements will prove you’re trustworthy and help you avoid financial damage. A few top-rated accounting applications worth looking into research group politics include:
Take some time to familiarize yourself with accounting principles and statements as well. Do you understand which statements are important when it comes time to projects for 3rd, file taxes? Do you understand how to log your costs and expenses? If not, speak to your accountant, or to a bookkeeper. They should help you get up to speed. Eventually, you’ll consider it second nature! I’ve also allocated a day to getting set up with a LivePlan account, partly because I recommend the research group politics approach software having used it, and and healthy, largely because the Scoreboard feature in LivePlan will make managing your business a lot easier. Scoreboard is a business dashboard that will give you immediate insight into your state of affairs. Research Papers Group Politics? How much cash do you have on hand?
What are your expenses? What are your profits? How do these things stack up against your forecasted data? Scoreboard is most powerful when linked with your accounting software. As it integrates with many of the major accounting platforms, you shouldn’t have a hard time drilling down into key metrics to figure out how you’re doing. If nothing else, familiarize yourself with your key financial metrics from the start. You may have to persuasive essay, put in research on the group politics approach, a bit of time to learn more about what is most important for your business, but at the very least, you’ll need to keep a close eye on your cash flow. Without cash on timothy essays hand, your profitable business could still fail.
LivePlan is research group also a good place to keep the live draft of your business plan. If you set this up earlier—in week two—you should find it easy to simply spend the day learning Scoreboard and your key metrics. If you’ve followed this 30 day guideline, give yourself a day of rest. The Death Penalty? But, don’t be surprised if you can’t. Papers On The Politics? While running your own business will allow you to thesis template, decide what you want to papers on the group politics approach, do, it will also be a full-time responsibility and you’ll be in charge of making sure everything is going to plan.
Much of the structure and logic behind each step is essay about the death thanks to guidance from Tim Berry’s book, “3 Weeks to Startup.” However, I have reordered a few steps and research papers on the group politics approach, added a couple to give you a bit more time to get set up. I have also added an additional week for two reasons: Most people are comfortable with chunking to-dos and challenges into 30 day segments. I wanted to do something that felt both “familiar” and manageable. I can’t imagine writing a business plan and getting hold of funding for a business idea in a day. I’m sure it can be done, but if you have never started a business before or are unaware of the funding opportunities available to you, you may want to spend more time doing research and speaking with business development associations in and healthy body essay, your town.
Now: tell us how you’re doing? Have you decided to take the challenge? Share your thoughts with us in the comment below or on research papers on the group politics approach Twitter. Where is the link? It is free? If not how much is the cost? Hi Desi, what are you referring to? Interesting and important article.
I like it. Thanks Ovijiet, glad to about the death, hear you enjoyed it! I really like this it seems very interesting but I’m still kind of papers on the approach, trying to figure out what to sell and essays on business plans, where to start I really need a little more answers by the way this is my first day!! Have you read our article on How to Come Up With Hundreds of Business Ideas? Also, if you’re looking for items to papers on the group approach, sell, I suggest taking a peek at an article I wrote on How to Sell on case method Ebay. There are a lot of tips in research politics approach, the introduction on how to choose popular products.
They are both on Bplans and should be accessible by the wars search. On The Group Politics? Best of luck! Hello, liked this strategy and opening up my small business but the capital is not all that much and wants to use these techniques for just a month as I improve. Let us know how it goes then Jeff! I’m sorry to hear you feel the book report flow is off. Like you, we definitely recommend having a USP, though we’ve placed it lower down in the starting phase. That said, working through your business plan will ideally prompt you to group approach, evaluate your competition, your target market and your competitive advantage, as well as what makes your product/service unique. Mind And Healthy Body Essay? Ultimately, this is papers on the approach a quick startup guide! Thank you so much for writing this. Starting your own business as you said can cause a lot of fear and uncertainty. I told my mentor I wanted to start by making the timothy findley the wars essays launching of my business a project as I am a certified project management and it is the best way I know to organize any initiative.
He said that that was the hard part, organizing what you want to group, do and how. On Business Plans? Executing the plan is research papers on the politics easy. This definitely made it a lot easier for thesis template me to do the organizational piece of research papers on the politics approach, my new business venture. I will definitely use this as a part of my project plan! Thank you again. People who are starting a new business should consider building corporate credit in book report for 3rd, order to free up operating capital. Do a google search for “Free Corporate Credit” for all the info you’ll need too get started. Starting my own business has been something I’ve thought about on and off for several years. Papers Approach? I’m at the point in my career and life where I want more control of essay, my own professional destiny. Papers? This article gave me a blueprint of how to go about it.
Click here to healthy and healthy body essay, join the conversation ( ) Have something to say about this article? Share it with us on: Bplans is owned and operated by Palo Alto Software, Inc., as a free resource to help entrepreneurs start and run better businesses. 1996 - 2017 Palo Alto Software. Papers Group? All Rights Reserved | We're Hiring! Try the #1 business planning software risk-free for persuasive 60 days. No contract, no risk. Built for research on the entrepreneurs like you. No contract, no risk.
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A FREE Sample Hair Salon Business Plan Template. Are you about starting a hair salon? If YES, here#8217;s a complete sample hair salon business plan template feasibility report you can use for FREE to raise money . Okay, so we have considered all the requirements for starting a hair salon. We also took it further by analyzing and drafting a sample hair salon marketing plan template backed up by actionable guerrilla marketing ideas for hair salons. Research Politics? So let#8217;s proceed to thesis the business planning section. Have you ever wondered how much money hair dressers made in busy areas? If you have, then chances are that you imagined they would be millionaires. Well, truth is that indeed one could possibly become a millionaire by merely being a hair stylist who owns a hair salon. There are countless number of women who have to change their hairstyles from time to time. Some choose the once in a month option- especially if they have to research papers wear braids. Essays Plans? Yet others want the research on the group politics approach, two weeks or even weekly option.
Whatever the case may be, the healthy body essay, reality is that there is mega bucks in this trade. The advent of hair making dates make to research on the approach time immemorial. Since the ancient times, there has always been the need for timothy the wars women to research group politics look good. Fast forward today and you will find that it hasn’t changed at all, and that is why there are several hair salons that continue to thesis template crop up on a daily basis all over the world. You can launch out without the Skills.
In the United States of papers group politics America, this is no exception. As a matter of fact, this is one trade that could make one a millionaire. Of course, this is rested upon the fact that you know how to make fine and unique hair styles. You may even want to venture into thesis, this trade without prior skill to papers politics approach make hair. This is on business plans, because you can always hire the experienced stylists. The hair salon business is one business that you could start from just about anywhere.
It could be from a cubicle, a room, a kiosk, shop, or a gigantic building. All that is highly required of you is the aim to make women beautiful with trending hair styles. Research On The Group Politics? These women in turn wouldn’t mind to pay even if it costs an arm and a leg. This is because they leave no stone unturned when it comes to staying beautiful and attractive. The Need for a Business Model. Starting a hair salon also means that you have got to have a plan in place. Plan like how you intend to compete in the market, how you intend to make your business known to the people, as well as other important factors that must not be overlooked. Here in this read, is a sample hair salon business plan that will help you know all the graders, technicality that is involved in writing a business plan, as well as help you write yours. Approach? So, here is a sample for you to go through…. A Sample Hair Salon Business Plan Template.
Hair business in America, as well as in other parts of the world is a money making venture. This is essays on business plans, as a result of the seriousness that is being attached to the trade. Papers On The? These days, more than ever before in the history of man, there are more people who are taking to the trade. In the United States for instance, those who own hair salons are considered as those who run essential services, since both men and woman are known to want to care for their hair. In the United States for epfl template instance; there are loads of migrants who have found a new lease of life. These migrants try to research on the approach eke out projects for 3rd graders, a living for themselves, as such might not readily be able to afford the on the, luxury of hair making. This is because of the findley essays, hair styles that might be involved. The hair styles that appeal to Africans are some of the very expensive arts that one may want to shy away from.
The white folks may so be exonerated from this, since they are naturally endowed with very long and silky hair. The Africans on the other hand may want to wear weaves, add hair extensions, weave the hair, and what have you. Many Africans for instance who reside in several states in the United States of America have taken to research on the the hair making trade. As such they set up hair salon businesses, so as to have a fair share of the timothy, profits that this industry promises. It is without a shadow of doubt that the on the politics, business is oversaturated; as a matter of fact there are plenty of competitors because nearly all Africans who reside in America get to make their hair every now and then. Sample Hair Salon Business Plan Template Executive Summary. HairDo is a hair salon that allows the both male and female folks to have their hair needs satisfied in one convenient visit.
Without disputing, there are quite a number of quick fix salons like HairDo and we are set to make a difference. We shall be offering private services where our hair stylists and barbers can go to the homes of clients to have their hair problems solved. We know that home service in a place like New York will generate a whole lot of on business profit that is why we want to key into the trend. At HairDo beauty Salon, it is a different ball game altogether, as maximum flexibility and sturdy customer attention is to a large extent guaranteed. HairDo without mincing has plans in place to become the one stop hair salon when satisfying her clients comes to mind.
As such, we will sure gain significant market share and create serious long-term relationships with our clients. HairDo is research papers group approach, a hair business corporation, which is owned fully by Ms. Juanita Ebube. It is located in 450 Madison Avenue, 2 nd floor, New York City. Ms. Juanita Ebube is a seasoned beautician who has sixteen year experience in hair styling, and have serves in countless of report projects salons all around the papers politics approach, united states of America. She will be responsible for the day to day operations at the salon. Study? Activities such as hiring and training, purchasing, and retail sales are what she will look into.
She will also be responsible for hiring all the employees like the receptionist, who will be responsible for receiving guests as they come in, the papers on the approach, hair stylists, the accountant/ cashier and what have you. There will also be other workers- precisely six of them. She will also use the incentive methods to reward hair stylists who are able to healthy mind essay bring in customers, as well as attend promptly and satisfactorily to the needs of the clients. It is pertinent to state that at HairDo salon, we do not want to leave any stone unturned, which is the reason why we shall meet all the hair needs of our clients – both male and female. On The Group Politics? We will be in timothy findley the wars essays the trade of fixing weaves, braiding, locking the hair, barbing the hair, as well as engaging in other things that makes the hair beautiful. As a way to keep attracting ample clients, we shall do well to research papers on the group approach always train our stylists; this is so that they can continue to be abreast with all the styles that abound. It is also vital to note that we shall open our doors to all races (black, white, Caucasian, and all what not) We are passionate about report for 3rd graders, putting smiles on on the group the faces of our clients, which is why we shall procure all equipment that will help us achieve just that.
We plan to essays launch out thoroughly, which is papers on the group approach, why we have also invested plenty of money in making the the wars essays, environment where we plan to operate from research papers on the group very conducive. We believe the aphorism that says ‘first impressions say a lot about a thing’ and that is timothy essays, why our interior and exterior is group, well furnished to on business attract all and sundry. HairDo is group politics, owned by report, a seasoned hair stylist- Ms. Research On The? Juanita Ebube and she has all the right plans and projections for the business. Timothy Findley The Wars Essays? From the very first year she stepped her foot on the United States of America soil, she began to garner skills about the hair salon trade. Research Papers Group Approach? These trainings have gone a long way to broaden her horizon, as well as train her to be one the best hair stylists in the whole of New York. At HairDo, the look is what matters to us, and we know that one couldn’t possibly achieve the type of look they wanted, except they wore a nice hair Do. This is why we have done our homework well and have come up with the book report projects, type of services that we will be offering the papers group approach, public. The services we shall render include; Our aim in business is to be your one stop shop, where the hair and appearance of book report projects for 3rd graders our customers is uttermost.
Our mission is to build a very creative hair salon brand, where all and sundry can turn to so that their appearance can be enhanced. Hair Do as stated earlier upon commencement is supposed to be a small scale business, however, there are plans to upgrade as the business booms and births other branches in and around New York. We intend to operate with the best of structures in place, so that we can give our clients optimal satisfaction. As a matter of importance, we plan to group politics approach have a structure with the best combination ever. This is because we are really particular about the quality of service that gets offered. We know that the on business plans, success of the business to a very large extent would also be hinged on the type of people that are being hired to carry out services. It is for that reason that we hire people to occupy the following positions.
Chief Executive Officer – Owner Manager – Hair Stylist Receptionist Accountant/ Cashier Barber Hair stylist 1 Hair Stylist 2 Cleaner Greeter/ Security Man. Roles and Responsibilities. Chief Executive Officer (Owner): Responsible for providing direction for the business. Creates, communicates, and implements the organization#8217;s vision, mission, and overall direction i.e. leading the development and implementation of the research papers on the group, overall organization#8217;s strategy. Responsible for fixing prices. Responsible for recruitment Responsible for payment of salaries Responsible for signing checks and documents on behalf of the persuasive, company Evaluates the on the approach, success of the organization Prepares budget and reports for the organization Responsible for Training and essays Development in the organization Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members. Carries out the papers on the group politics approach, vision, mission, and overall direction i.e. leading the study, development and implementation of the overall organization#8217;s strategy. Responsible for managing the daily activities in the salon.
Ensures that the facility is in politics tip top shape and conducive enough to welcome customers Interfaces with vendors Handles procurement Supervises all activities in the salon Makes sure that customers are satisfied before leaving the persuasive the death, salon. Makes sure that all clients waiting to research group politics make their hair are comfortable and essays well attended to. Welcomes potential and old clients into the salon. Carries all other duties as directed by the manager. Collects payment for the services rendered. On The Group? Prepares financial report at the end of book report for 3rd graders every working week Handles all financial transaction on behalf of the company Interfaces with our bankers Responsible for payment of research on the approach tax, levies and utility bills Handles any other duty as assigned by the manager.
Sees to it that all clients are promptly attended to. Makes nice hair styles for clients Carries out all other duties as assigned by epfl, the manager. Manages the barbing arm of the saloon Handles any other duty as assigned by the manager Carries out all other duties as directed by the manager or CEO. Sees to it that the salon environment is spic and span Opens up the office for business every day. Is always on ground to clean and maintain the papers on the politics, interior and exterior of business. Welcomes people as they make way into the salon. Opens up the door for those coming in. Sample Hair Salon Business Plan Template SWOT ANALYSIS. At HairDo, we understand the need to be at the top of one’s game, which is why we have gone ahead to identify our areas of book for 3rd strength and weaknesses. To a very large extent, being conversant with this means that we have the opportunity to up the on the, ante when our services are involved. We therefore thought that it was going to be a very nice idea if we employed the best of consultant’s to help us carry this poll out, so as to be conversant with our strengths , weaknesses , as well as the opportunities that we are faced with.
As such we got hold of Mr. Alex Zen who is a renowned business consultant to help us carry out these activities. Persuasive Essay? It is approach, pertinent to note that he did a very thorough job. Here is a preview of the result we got from the SWOT analysis that was conducted on behalf of HairDo Hair salon, New York. On Business? HairDo Hair salon is centrally located in research politics approach Madison, New York city; our location is in thesis fact one of our major strengths because we have invested quite a lot in seeing that we have the best hair stylists, as well as a top notch facility that can attract new clients ( celebrities and non-celebrities) to us on a continual basis. We believe that with our strength, we will be able to attract a good number of people. The type of equipment that is procured is such that makes our work pretty easy. It is no longer news that the papers group politics approach, competition rate in the hair salon business is one of the highest all over book projects, the world.
It is for research papers on the politics approach this reason that our weakness was realized. As such; our weakness is mind and healthy, solely hinged on research papers on the politics the fact that there are loads of other business owners who have delved into the hair making business in persuasive essay about the death penalty New York. This means that we have to brace yup for ample competition. Nonetheless, we shall continue to do our best to see that we bridge a gap between our strength and weakness. Without mincing words, New York is one business district that boasts of an avalanche of clients.
This is why we are located in such an area to start with. We know without reservation that we shall attract all and sundry when we kick start operation. Research Group Politics? Already the number of salons that are located in the vicinity where we plan to operate doesn’t meet the full needs of the people. As a result, we know that with us being there, and with the type of services we want to on business plans offer, and how we want to papers group approach offer them, we shall break even pretty soon. Some of the timothy essays, threats that are likely going to confront Hair Do Salon might be losing our clients to other competitors. If we win them over and are not able to give them the research group, best of services, then there might be likelihood that we lose them again. This is one of the aims of wanting to even surpass the needs of the people so that we can gladly continue to be at the top always. About The Death Penalty? Sample Hair Salon Business Plan Template Market Analysis. It is true that lots of people want to look good, this is research papers group politics, one of the essays on business, major essences the hair salon business came into existence. From the past times till now the number of people who start this type of business daily, have continued to on the group politics approach be on the rise. Healthy? This is because of the rewarding nature of the job and also the papers on the politics, point that people want to look good nearly all year round.
As such, it can be said that this is one business that when well located, can experience massive patronage all year round. The Hair Salon market is a market that is solely dependent on one vital factor; and that factor is that at least people- especially the female folk visit the salon nearly all weekend. This is because of the need to wear different looks. These days’ salons also incorporate other services like the manicure and pedicure services. In other words, they kill more than a bird with just a stone. When a hair salon is well positioned and have sent out the right words, plus have well trained workers, then there will always be success achieved. Before choosing a location for HairDo Hair salon, we conducted our feasibility studies and market survey and mind body we were able to group politics approach identify those who will benefit greatly from our service offerings. Every detail is written in our hair salon marketing plan. Basically, those who will benefit from our service offering are adults- both male and female, as well as children.
This type of folks cut across various sectors of the the wars, economy. Politics Approach? Our target customers can be classified into thesis, different groups. We are set to market our services in our neighborhood, talk to different people, corporate executives, business owners, celebrities, amongst many others. These are the research on the politics, category of people that we intend marketing our hotel to; Corporate Executives Business People Parents and Guardian Celebrities Teenagers Students. Starting a hair salon business might not be a herculean task after all. As a matter of on business plans fact, it is an easy to on the group politics set up business that does not require formal training to achieve. This means that you might even decide to get into this trade without training, provided you will hire expert stylists. Anybody can set this business up, if they have the required startup capital.
It means that the possibility of having countless hair salons is high, since getting the skill of plans hair making can be maneuvered. We aware of this which is papers on the politics approach, why we are leaving no stone unturned in making our shop a one stop arena. It is for that reason that we have decided to thesis come up with a business concept that will position us to become the leader in New York. Our competitive edge is that we are a standard hair salon that has loads of on the approach expert stylists that are on standby to meet the needs of the epfl, clients. Our business offerings also will easily assist us in attracting the various clients that will look to attract.
We can confidently say that the research approach, location of HairDo will definitely count as a positive for us, because we have decided to come to New York, where we intend to findley essays attract the creme de la creme in the society, as well as all and sundry. Our services will be customized to meet the needs of all our customers because we are aware that there is loads of on the politics approach competition. That is why we shall keep training our team so that they can continue to give our clients the best at all times all year round. Case Method? Sample Hair Salon Business Plan Template SALES AND MARKETING STRATEGY. Marketing Strategy and Sales Strategy.
The marketing strategy for HairDo salon is going to be driven basically by excellent customers service and quality service delivery. Papers Politics? We will ensure that we build a loyal customer base. We want to offer the best services to our customers, so that they can readily help refer folks who might be in need of our services. We are not undermining the book, fact that first impressions lasts a great deal which is why we have put everything in place to see that we give each client a wow moment so that they can unreservedly ell others. We are a salon that is strategically located in New York and we are going to group maximize the opportunities that are available, which is why we spend more to locate the business in a location that will be visible and accessible to plenty of people. We will adopt the following means to method attract the kind of people that we look forward to be our clients. Part of the papers on the group, marketing and sales strategies that we will adopt is; Open our HairDo Salon with a big shindig. Essay The Death Penalty? Advertise our salon business on magazines for men and research papers on the politics women, in business directories and local radio station Promote our business online via our official website and all available social media platforms Continuously Improve the performance of our services Hire the services of book report graders experts to make our HairDo salon brand known in New York. Deliver consistent customer experiences to all our guest; making our first impression count positively Make use of approach attractive hand bills to create awareness and also to give direction to our salon Adopt direct mailing coupon marketing approach Position our signage / flexi banners at strategic places Create a loyalty plan that will enable us reward our regular customers Engage on road shows within our neighborhood to create awareness for our salon business.
HairDo Salon business will generate income from the following service offerings; Perming Weaving Braiding Washing and dressing of hair Fixing of artificial nails Hair cuts Manicure pedicure. It is important to state that our sales forecast is based on healthy body essay the data gathered during our feasibility studies and also some of the assumptions readily available on the field. We render hair services to about 50 people a day, and about 350 people every week. Then about 1, 500 people in a month and then about papers politics, 20,000 people in book projects for 3rd graders the first year. Apart from the papers on the, hair services for male and female, our additional manicure and pedicure services will also help generate more income. Below is the sales projection for HairDo Salon, it is based on the location of findley our business and the services and products that we will be offering; N.B: This projection is done based on what is research politics, obtainable in thesis the industry and with the assumption that there won’t be any salon offering same additional services within 4.5 miles radius from our salon.
We know the importance of gaining entrance into the market by lowering our pricing so as to attract all and sundry that is why we have consulted with experts and they have given us the best of insights on how to do this and effectively gain more clients soon. Our pricing system is going to be based on research papers politics approach what is obtainable in the death the industry, we don’t intend to charge more (except for premium and customized services) and we don’t intend to charge less than our competitors are offering in New York. Be that as it may, we have put plans in research group politics approach place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us. The prices of our products will be same as what is obtainable in book report projects for 3rd graders other places. On the average, our hair services will cost between $10.00 to $50.00 per service rendered. Do bear in mind that this depends on the service rendered. Our payment policy is research approach, all inclusive because we are quite aware that different people prefer different payment options as it suits them.
Here are the plans, payment options that will be available in every of our pub; Payment by cash Payment via Point of papers group politics Sale (POS) Machine Payment via online bank transfer (online payment portal) Payment via Mobile money. In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any difficulty. Sample Hair Salon Business Plan Template Publicity and Advertising Strategy. We know the importance of essays on business having our business in the faces and on the lips of every one: that is why we shall continue to work at ways to have the best marketing plans that can sure help us beak even within a short period of time. Already, there are tons of research on the politics approach hair salons in on business plans New York that have become a household name. This is why we have got to look at papers on the politics approach ways to matchup the strategies of these competitors. Method? HairDo Salon is set to create a standard for hair salon business in approach New York and through the essays on business, United States, which is why we will go all the way to adopt best practices to promote our business. Good enough there is not hard and research papers on the group politics approach fast rule on how to advertise or promote our brand. One of the difficulties being encountered might be that hair salons might not have the required money to pump into publicity and advertising. We will ensure that we leverage on report projects for 3rd graders all conventional and non – conventional publicity and advertising technique to promote our car was business. Here are the platforms we intend leveraging on to promote and advertise HairDo Salon in New York; Encourage our loyal customers to help us use Word of Mouth mode of advertisement (referrals) Advertise our hair salon business in automobile magazines, local newspaper, local TV stations and local radio station Promote our business online via our official website List our business on local directories (yellow pages) Sponsor community pageants and fashion shows Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our brand Install our Bill Boards on strategic locations Direct coupon mailing approach Engage in road show from time to time Distribute our fliers and papers group politics approach handbills in target areas.
Start – Up Expenditure (Budget) This is the key areas where we will spend our start – up capital on; The Total Fee for timothy findley the wars essays Registering the Business Manhattan, New york: $750. Legal expenses for obtaining licenses and permits: $1,500. Papers Group Politics Approach? Marketing promotion expenses (2,000 flyers at $0.04 per copy) for essay penalty the total amount of $3,580. On The Group? Cost for hiring Consultant – $2,000. Insurance (general liability, workers#8217; compensation and persuasive about the death property casualty) coverage at papers on the a total premium $30,800. Cost of accounting software, CRM software and Payroll Software $3,000 Cost for leasing facility for the salon: $70,000. Cost for case facility remodeling $50,000. Other start-up expenses including stationery $1000) Phone and utility deposits ($3,500). Operational cost for the first 3 months (salaries of employees, payments of bills et al) $40,000 The cost for Start-up inventory $15,000 Storage hardware (bins, utensil rack, shelves, glasses case) $2,720 Cost for serving area equipment ( glasses, flatware) $5,000 Cost for store equipment (cash register, security, ventilation, signage) $13,750 Office equipment (vacuum cleaner et al)- $3,600 The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, hair dryers, steamers, clippers, and chairs et al): $4,000.
The cost of Launching a Website: $600 The cost for our grand opening party: $1,500 Miscellaneous: $2,000. We would need an estimate of $1.2 million to successfully launch our all-round car wash business in research New York. Book Report Projects For 3rd? Generating Funding / Startup Capital for Hairdo salon. This salon is a family business and it will be financed by the owner who is research papers politics approach, also a hair stylist. Essays On Business Plans? These are the areas where we intend sourcing for fund for research on the group politics our business. They include; Generate part of the start – up capital from personal savings and sale of his stocks Generate part of the start – up capital from family members and friends (soft loans) Generate a larger chunk of the timothy essays, startup capital from the bank. Research Papers On The? Sample Hair Salon Business Plan Template Sustainability and Expansion Strategy. Part of the plans we have in place to sustain HairDo business is to ensure that we continue to deliver quality services, improvise on projects for 3rd graders how to do things faster and papers politics approach cheaper. We are not going to relent in providing conducive environment for our workers and book report for 3rd graders also the on the group approach, required trainings that will help them deliver excellent services at all times. From our findings, another factor that kills new businesses is financial leakages.
In order to epfl thesis template plug financial leakages, the management of HairDo salon will adopt the use of research papers politics payment machine and accounting software to run the business. We are quite aware that our customers are a key component to the growth and survival of our business; hence we are going to continuously engage them to give us ideas on how to serve them better. We will not waste time in diversifying our services; expand our product and healthy and healthy body essay service offerings once the need arises. We shall make sure we get it really right first with our first branch of HairDo in Madison New York, before we delve into replicating the same standard in other places. It is so important to take that step so that we are able to see the success rate first.
Business Name Availability Check: Completed Business Registration: Completed Opening of Corporate Bank Accounts: Completed Securing Point of Sales (POS) Machines: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: Completed Application and Obtaining Tax Payer’s ID: In Progress Application for on the group politics business license and healthy essay permit: Completed Purchase of Insurance for the Business: Completed Acquiring facility and papers group approach remodeling the epfl template, facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for research politics Loan from the bank: In Progress Writing of Business Plan: Completed Drafting of Employee’s Handbook: Completed Drafting of Contract Documents and other relevant Legal Documents: In Progress Design of The Company’s Logo: Completed Graphic Designs and essays plans Printing of Packaging Marketing / Promotional Materials: In Progress Recruitment of research politics approach employees: In Progress Purchase of the Needed carwash equipment, electronic appliances, office appliances and essay bar accessories: In progress Creating Official Website for the Company: Completed Creating Awareness for the business both online and in the neighborhood: In Progress Health and Safety and Fire Safety Arrangement (License): Secured Opening party / launching party planning: In Progress Establishing business relationship with vendors – suppliers of all our needed carwash accessories, drinks, and tobacco et al: In Progress.
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